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Subsequent Event
12 Months Ended
Dec. 31, 2021
Subsequent Event  
Subsequent Event


Note 21 – Subsequent Events

As mentioned in Note 2 – Summary of Significant Accounting Policies, we had an equity interest of 17% in Promon AS as of December 31, 2021. Promon is a technology company headquartered in Norway that specializes in mobile app security, whose solutions focus largely on Runtime Application Self-Protection (RASP). We integrate Promon’s RASP technology into our software solutions, which are licensed to our customers.

On January 31, 2022, we sold our equity interest in Promon for $18.9 million, and will record the gain on sale of $14.8 million in other income (expense) on the Consolidated Statement of Operations during the three months ended March 31, 2022.

We intend to continue to purchase and integrate Promon’s RASP technology into our customer software solutions.